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News
Economic Management Team Sets up Committee to Harmonise Nigeria’s Economic Projections
11+ hour, 2+ min ago (296+ words) Tuesday, 8 September 2026 14:51 The Economic Management Team has approved the establishment of an inter-agency committee to harmonise the macroeconomic assumptions used by government agencies for budgeting and economic planning. The decision was taken at the team’s meeting in Abuja on Monday,…...
Expert Cites Low Production and Economic Indices as Causes of Impending Staple Food Shortage in Nigeria
1+ mon, 1+ week ago (462+ words) Tuesday, 28 July 2026 08:28 Following his earlier warning to Nigerians, about a possible scarcity of staple foods in the next three months, Country Director of the World Agricultural Forum and President of the Organisation for Technology Advancement of Cold Chain in West…...
World Bank Says 79% of Nigerians Remain Poor or Vulnerable Despite Reforms
1+ mon, 3+ week ago (330+ words) Thursday, 16 July 2026 13:59 The World Bank says about 79 per cent of Nigerians remain poor or vulnerable to falling into poverty despite nearly three years of economic reforms by the Federal Government. The assessment is contained in the Bank’s newly approved Country…...
Nigeria's Inflation Drops to 15.91% in June
1+ mon, 3+ week ago (225+ words) Wednesday, 15 July 2026 17:43 By Onuora Aninwobodo X @onnysilver Nigeria's headline inflation rate eased to 15.91% in June 2026, down from 15.93% in May, according to the latest Consumer Price Index report released by the National Bureau of Statistics. The NBS confirmed the figures on…...
Lagos Positions As Africa’s Investment Gateway, Projects $300bn Economic Growth
3+ mon, 11+ hour ago (403+ words) Monday, 8 June 2026 15:05 By Mercy Edewede X @MercyEdewede Lagos State Governor, Babajide Sanwo-Olu, says the state is strengthening its position as Africa’s leading investment destination, projecting continued economic expansion toward a $300bn sub-national economy, as he outlined ongoing infrastructure, technology, and trade…...
Nigeria Inflation Rises Slightly to 15.69% in April 2026, NBS Says
3+ mon, 3+ week ago (157+ words) Friday, 15 May 2026 16:12 By Onuora Aninwobodo X @onnysilver Nigeria’s inflation rate rose slightly to 15.69% in April 2026, up from 15.38% in March, according to the National Bureau of Statistics (NBS). The NBS said in its Consumer Price Index report released Friday that the…...
Russian Finance Minister Warns Hormuz Blockade Could Trigger Global Recession
3+ mon, 3+ week ago (240+ words) Wednesday, 13 May 2026 12:58 Russian finance inister, Anton Siluanov has warned that the blockade of the Strait of Hormuz could plunge the global economy into recession as energy prices continue to rise and supply chains remain disrupted. Speaking on Wednesday, the Russian…...
February Headline Inflation Slows, But Food Prices Surge
5+ mon, 3+ week ago (232+ words) Tuesday, 17 March 2026 06:27 Nigeria’s headline inflation rate eased to 15.06 percent in February, reflecting a slight decline and offering a measure of relief after months of sustained price pressures, according to the latest data from the National Bureau of Statistics (NBS). Despite…...
Tomato Farmers Reassure Nigerians Against Ramadan Price Hikes
7+ mon, 11+ hour ago (322+ words) Sunday, 8 February 2026 16:24 Tomato farmers in Nigeria have reassured consumers that the usual surge in tomato and other vegetable prices during the Ramadan fasting period is unlikely this year, thanks to a bumper harvest and favourable market timing. Mr. Rabiu Zuntu,…...
Nigeria’s Inflation Rate Eases to 15.15%
7+ mon, 3+ week ago (337+ words) Friday, 16 January 2026 06:14 Nigeria’s headline inflation rate slowed to 15.15% in December 2025, the National Bureau of Statistics (NBS) reported Thursday, marking continued moderation in price pressures at the end of the year. The December figure is a decline from 17.33% in November 2025 and…...